Promising Value Stocks To Watch Now - August 16th

Key Points

• Invesco QQQ, UnitedHealth Group, and Intel are identified as top value stocks to watch, based on high trading volumes and fundamental valuations.
• UnitedHealth Group shares rose by $32.53 to $304.02, with significant trading volume and a P/E ratio of 13.17.
• Intel saw an increase of $0.70 to $24.56, with a notable trading volume and a market capitalization of $107.50 billion.

Invesco QQQ, UnitedHealth Group, and Intel are the three Value stocks to watch today, according to MarketBeat's stock screener tool. Value stocks are shares of companies trading at prices perceived to be below their intrinsic worth based on fundamentals such as price-to-earnings, price-to-book ratios, or dividend yields. Investors buy these stocks expecting their market price to rise once the broader market recognizes the company’s underlying financial strength. These companies had the highest dollar trading volume of any Value stocks within the last several days.

Invesco QQQ (QQQ)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

QQQ stock traded down $2.55 during trading hours on Friday, reaching $577.34. The stock had a trading volume of 49,393,990 shares, compared to its average volume of 44,038,980. The stock has a 50-day simple moving average of $554.13 and a 200 day simple moving average of $514.17. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $583.32.

Read Our Latest Research Report on QQQ

UnitedHealth Group (UNH)

UnitedHealth Group Incorporated operates as a diversified health care company in the United States. The company operates through four segments: UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health care coverage, and health and well-being services to individuals age 50 and older addressing their needs; Medicaid plans, children's health insurance and health care programs; and health and dental benefits, and hospital and clinical services, as well as health care benefits products and services to state programs caring for the economically disadvantaged, medically underserved, and those without the benefit of employer-funded health care coverage.

Shares of NYSE UNH traded up $32.53 during mid-day trading on Friday, reaching $304.02. 67,934,484 shares of the company were exchanged, compared to its average volume of 19,286,994. The company's 50-day simple moving average is $288.91 and its 200-day simple moving average is $397.82. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $275.34 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.75 and a beta of 0.43. UnitedHealth Group has a twelve month low of $234.60 and a twelve month high of $630.73.

Read Our Latest Research Report on UNH

Intel (INTC)

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

Shares of NASDAQ INTC traded up $0.70 during mid-day trading on Friday, reaching $24.56. 309,327,791 shares of the company were exchanged, compared to its average volume of 103,883,248. The company's 50-day simple moving average is $21.81 and its 200-day simple moving average is $21.54. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $107.50 billion, a P/E ratio of -5.15 and a beta of 1.22. Intel has a twelve month low of $17.67 and a twelve month high of $27.55.

Read Our Latest Research Report on INTC

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